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20120928
20121006
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
of return. do something to get the economy to move again. i think there's a lot of compelling unions that are think abouting it circhtly. to underestimate the kind of [inaudible] >> i would say one thing to watch political any in the jersey we come from a unionized state than a lot of states in the south. the union have different power and i think one of the things that is important to watch you saw it in wisconsin and you see in other places it's a growing system between public sector and union work force which is growing and the trade and the private sector. they are different views on politics and very different views on public policy coming from both sides. i think we're at an early stage on that. i think it is something to watch as we go forward in terms of the political objectives of public sector and private sector which ultimately different subjective you will see a bit of divergence in that. >> people love to talk about it. the division between public and private sector unions. there a certain number of tenet whether you're public or private. [inaudible] what you pay for the
obama. obama does not want to talk about the current economy and his current performance, because he knows under that debate he loses. >> if it's all about -- if it's all about record, can mitt romney run on his record and appeal to those that are the ground base of his own party to come out? >> absolutely. the ground base -- the most important thing not only for his side, but if you look at hispanics and women and a variety of voters, the most important topic they're interested in is the economy. it's the economy. i hate to quote james carville, but it's the economy, stupid, once again. part of why people are focusing on anything but the economy is because economic news is not good. they have not passed a -- any budget much less a balanced budget in years. it is unbelievable. >> quick, because i want to get some sound, but go ahead. >> real quick, this notion that somehow the president and democrats aren't out there talking about the economy is laughable. the problem with the romney campaign is not that they don't talk about the economy. they don't talk about their policies. it's th
: tonight is the debate and the economy will be front and center. would you expect the president to admit any of this policies did not work? >> reporter: i would expect the president would deflect attention away from his record. if if you ask where is the middle class going next year after the election, you have -- i would say that the middle class is going to get maybe even worse off because we look like we are head for a real slowdown in the economy and the word recession next year has been used frequently. >> it's being bantered about. stu varney, thank you so much. bill: joe biden was in charlotte, north carolina making that comment. 15 electoral votes. a look at how he succeed, 4.3 million votes cast in the state. president obama won by 14,000 votes. he carried a 100,000 vote margin in charlotte which is where mr. biden was. he had a narrow margin of victory, more than any other state. in charlotte unemployment is above 10%. we'll see how they do, it's tough to win against those numbers. jamie: those numbers are seen in many places,en it will be interesting to hear about what they sa
at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this reason. if they want to go in the military, why, he is planning on cutting our military by about $1 trillion over the next decade. if they want to go on to either get a job directly or go on to a four-year college and come out with a gee, you know that 50% of kids coming out of college today can't find a job or a college level job. on both fronts, this president's policies have not worked for the young people of america. >> their first debate happens on wednesday. the romney team is downplaying expectations. romney advisor beth myers distributes this memo explaining why the president is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president will use his ample rhetorical g
is down again. government analysts blame it on a very weak economy. a new report just out this morning shows that the number of births fell 1% last year. the fourth annual decline in a row. fewer than 4 million babies were born last year. the lowest since 1998. analysts say the trend is reversing because the economy is improving. on that note, i think i am ready for another. >> really? talking about this. you got two. are you ready? >> some of my friend have had babies. you see a little baby. >> and they smell good. >> they grow up they're 3 and 5 and drive mommy and daddy crazy. they're good. >> a look at your wednesday weather, everybody. thick morning fog in boston, new york, d.c. thunderstorms in the carolinas southward. gusty wind from seattle to minneapolis. up to a foot of snow in montana mountai mountains. >> 80s in colorado springs. albuquerque, across the south. mostly 70s in the north east as well as the midwest. >>> here is a truly great story all about a guy named adam greenberg. on a one game contract with the florida mlins last night for their game against the mets. >> h
. but even though his campaign has mainly been a focus on fixing the nation's economy, mitt romney in recent days has been stepping up his attacks on the president on the issue of national security. and specifically lately on who's a better friend of israel. and there are signs the obama campaign is paying attention. at a military academy in pennsylvania, mitt romney tried to make the case for a new commander in chief. romney once again questioned the president's recent description of events in the middle east as bumps in the road. >> i sure as heck don't consider iran becoming nuclear a bump in the road. we need someone who recognizes the seriousness of what's ahead and is willing to lead. >> reporter: romney's tough talk on iran follows israeli prime minister benjamin netanyahu's drawing attention at the united nations to the nuclear worries. >> a red line should be drawn right here. >> reporter: just days after the president declined to meet with netanyahu in new york, the two leaders spoke over the phone. but then hours later romney, who enjoys a much friendlier relationship with netanya
for a higher open on wall street on several key elements of the economy. including jobless reports. steel case, which is celebrating its 100th anniversary is ringing the opening bell. >>> mk zuckerberg announced the site has reached 1 billion users per month, bricking down to one out of every seven people on the planet. users can promote their posts by paying seven bucks. >>> in money news, americans are being more responsible with their credit cards, according to american bankers association report. delinquencies have hit aan 11-year low. the key reason why many consumers are paying down their debt is uncertainty in the economy. >>> first presidential debate is in the bag. many say mitt romney wins in more ways than one. going into the debate, president obama was way ahead of romney in the likability polls. last night, romney one-up the president on his own wedding anniversary. first, obama. >> a lot of points i want to make tonight. but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. and so i just want to wish, sweet
in for matt. the jobs report, all about the economy for this election, one of two remaining before election day. both campaign and voters will be keeping a close eye on what it means for the economy. >> big part of the politics right now, and you can betemit romney will be quick to pounce if it shows the same sluggish job growth we've seen in recent months. coming up, we'll talk to cnbc's jim cramer about what we can expect. >>> also, remember that impatient driver we showed you on thursday caught on camera using the sidewalk to get around a crowded school bus. guess what? she got busted. now her mom is coming to her daughter's defense with an explanation you might find a little hard to believe. we will hear from her coming up. >>> all right. you remember this guy, the prankster who posed as a delivery guy, accidentally dropping boxes of the much-anticipated new iphone in front of all those people waiting to get into the apple store. >> oh, no. >> there it goes. we'll meet him this morning and has quite the catalog of pranks, quite the repertoire. we want to start this morning with politics
. there are questions about how we got here. >> it is a confusing report. the economy added 114,000 jobs in september which is actually less than the previous month, but the unemployment rate dropped from 8.1 to 7.8%, so coming up, we're going to talk about all of this, the impact on the presidential race with chuck todd and catch up with jim cramer from cnbc. and get into a new statement from mitt romney that he was completely wrong when he called 47% victims. a change from what he said. >> took a long time to distance himself from the remarks. >>> we will switch gears, ask you if you remember the impatient driver caught on camera using the sidewalk to get around a crowded school bus. guess what, she got busted. her mom is coming to her daughter's defense with an explanation you may find hard to believe. we're going to hear from her coming up. >>> and remember, this guy is a prankster that posed as a delivery guy, accidentally dropping boxes of the new iphone in front of those people waiting in line for the new iphone. we will talk to the prankster later this morning. >>> we start with breaking news
think we should build the economy from the middle class out like the president does or the top down like mitt romney does? >> credit ben labolt, thanks for joining us today. >> thanks. >> we say good morning to our tuesday political power panel. leah henderson, ted devine, senior strategist for al gore and john kerry. eugene robinson wrote in "the washington post" the challenges facing mitt romney in this debate, but going specifically saying romney's task is more difficult. for the umpteenth time he has to introduce himself to the american people and erase all the impressions of the mitt romney we met earlier and reveal a coherent person, one voters can imagine as a leader. is this debate more romney against himself? critics paint him displaying this flaccid leadership. >> he has to present himself as a president who would represent all americans. he said that several times. he's practicing that debate line. here again, even when he engages with that comment, it reminds people of that 47% remark. you see him over the last couple of days. i think it was today there is an interview in the
Search Results 0 to 19 of about 20 (some duplicates have been removed)